Welltower (WELL) Land & Improvements (2009 - 2026)
Welltower (WELL) reported Land & Improvements of $7.24 billion for Q2 2026, up 24.9% from $5.79 billion a year earlier and up 7.4% from the prior quarter.
Powered by 
Analysis
Welltower (WELL) Land & Improvements (2009 - 2026) Analysis & Trends
At the end of FY2025, Welltower posted Land & Improvements of $6.68 billion, up 26.7% from FY2024.
- Land & Improvements has increased for five consecutive years, with a five-year compound annual growth rate of 14.2% (FY2020 to FY2025).
- By year, Land & Improvements came in at $5.27 billion in FY2024 (+12.2%), $4.7 billion in FY2023 (+10.5%), $4.25 billion in FY2022 (+7.1%) and $3.97 billion in FY2021 (+15.3%).
- The Q2 2026 figure ranks as the highest quarterly Land & Improvements in data going back to Q4 2009.
- Year over year, Land & Improvements has now increased in each of the last 20 quarters, with growth averaging 17.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Land & Improvements ran from 1.4% in Q3 2025 to 26.7% in Q4 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.74 billion (Q1 2026), $6.68 billion (Q4 2025) and $5.15 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 164.16 Bn | 145.65 Bn | 1.39 Bn | 7.24 Bn |
| 2 | Prologis | 123.69 Bn | 118.73 Bn | - | - |
| 3 | Simon Property | 64.74 Bn | 60.59 Bn | - | - |
| 4 | Realty Income | 51.42 Bn | 49.64 Bn | - | 18.91 Bn |
| 5 | Public Storage | 50.52 Bn | 49.51 Bn | - | 6.00 Bn |
| 6 | Ventas | 41.09 Bn | 39.78 Bn | - | 3.26 Bn |
| 7 | Extra Space Storage | 28.14 Bn | 28.14 Bn | 642.43 Mn | 5.15 Bn |
| 8 | Vici Properties | 24.92 Bn | 23.03 Bn | 1.05 Bn | - |
| 9 | Vivmark Residential | 22.68 Bn | 22.46 Bn | - | 5.52 Bn |
| 10 | Essex Property Trust | 17.28 Bn | 17.04 Bn | - | 3.36 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.24 Bn |
| Mar 31, 2026 | 6.74 Bn |
| Dec 31, 2025 | 6.68 Bn |
| Sep 30, 2025 | 5.15 Bn |
| Jun 30, 2025 | 5.79 Bn |
| Mar 31, 2025 | 5.55 Bn |
| Dec 31, 2024 | 5.27 Bn |
| Sep 30, 2024 | 5.08 Bn |
| Jun 30, 2024 | 4.84 Bn |
| Mar 31, 2024 | 4.75 Bn |
| Dec 31, 2023 | 4.70 Bn |
| Sep 30, 2023 | 4.37 Bn |
| Jun 30, 2023 | 4.26 Bn |
| Mar 31, 2023 | 4.32 Bn |
| Dec 31, 2022 | 4.25 Bn |
| Sep 30, 2022 | 4.16 Bn |
| Jun 30, 2022 | 4.11 Bn |
| Mar 31, 2022 | 4.03 Bn |
| Dec 31, 2021 | 3.97 Bn |
| Sep 30, 2021 | 3.70 Bn |
API Access
Welltower Land & Improvements API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=land-and-improvements&ticker=WELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "land-and-improvements", "ticker": "WELL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=land-and-improvements&ticker=WELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();